Company Registration No. 04797358 (England and Wales)
JAKE WALTERS PHOTOGRAPHY LIMITED
Unaudited accounts
for the year ended 31 July 2023
JAKE WALTERS PHOTOGRAPHY LIMITED
Unaudited accounts
Contents
JAKE WALTERS PHOTOGRAPHY LIMITED
Company Information
for the year ended 31 July 2023
Company Number
04797358 (England and Wales)
Registered Office
178 Brooke Road
London
E5 8AP
England
Accountants
Tuite Tang Wong
Chartered Certified Accountants
Alliance House
2nd floor 29-30 High Holborn
London
WC1V 6AZ
JAKE WALTERS PHOTOGRAPHY LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
1,297
1,088
Cash at bank and in hand
72,710
118,555
Creditors: amounts falling due within one year
(2,593)
(15,426)
Net current assets
78,832
108,829
Called up share capital
1
1
Profit and loss account
80,128
109,916
Shareholders' funds
80,129
109,917
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
J Walters
Director
Company Registration No. 04797358
JAKE WALTERS PHOTOGRAPHY LIMITED
Notes to the Accounts
for the year ended 31 July 2023
JAKE WALTERS PHOTOGRAPHY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04797358. The registered office is 178 Brooke Road, London, E5 8AP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
25,688
600
26,288
At 31 July 2023
26,329
600
26,929
At 1 August 2022
24,938
262
25,200
Charge for the year
348
84
432
At 31 July 2023
25,286
346
25,632
At 31 July 2023
1,043
254
1,297
At 31 July 2022
750
338
1,088
JAKE WALTERS PHOTOGRAPHY LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
5,437
7
Transactions with related parties
At the year end, the outstanding amount due to director of the company was £43 (2022: £5,884).
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).